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5507 50TH Street
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Beds
—
Baths
—
Sqft
11,000
Year
1969
Type
Business
On market
26d
Rare Opportunity To Own The Highly Profitable 22-ROOM Viking Lamplighter Motel Strategically Located At 5507 50 Street! This Turnkey Business Is A Powerhouse For An Owner-operator, Featuring 6 Kitchenettes And 13 Double Rooms Perfectly Equipped For Steady Income From Short-term Travelers And Long-term Contract Workers. The Sale Includes An Unmatched Owner’s Lifestyle Featuring A Fully Renovated 1,350 Sq. Ft. Bungalow With A Finished Basement , A Premium Living Standard Rarely Found In The Industry. Boasting A 36% Revenue Increase Year-over-year From 2024 To 2025, This Business Shows A Consistent Upward Trajectory. Positioned Directly Across From The High School Near Essential Services, The Site Offers Excellent Visibility And Long-term Land Value. Well-maintained With A Loyal Clientele And Proven Sales History, Vtb Financing Options May Be Available For Qualified Buyers. Invest In This High-yield Asset In A Growing Community Today! (id:65958)
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 19, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Viking. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.